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Home › Companies › REC LTD. › 2024-2025

REC LTD. 2024-2025 Proxy Voting Records

At REC LTD.'s shareholder meeting held August 20, 2024, in the 2024-2025 proxy season, 60 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,192 separate fund positions. Their filings are grouped here into 24 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Accept Financial Statements and Statutory Reports — the reporting funds cast 100% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings. Page generated November 8, 2026.

  • 24Reported items
  • 60Asset managers
  • 1,192Fund votes
  • August 20, 2024Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from REC LTD. has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2024-2025 2025-2026

Explore REC LTD. in the interactive database Compare manager voting policies

How asset managers voted at the REC LTD. 2024-2025 meeting

Each item below shows how the 60 asset managers that disclosed a REC LTD. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of REC LTD.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Approve Appointment of Harsh Baweja as Director (Finance)

9% of fund votes cast · no official result

AGAINST
Details: votes by 47 asset managers

The 47 asset managers below reported 9,670,448 for, 94,504,969 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,670,448AGAINST: 94,504,969
Largest asset managers voting on “Approve Appointment of Harsh Baweja as Director (Finance)” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard037,930,120 00Against
Dimensional021,396,579 00Against
Fidelity012,423,139 00Against
CAUSEWAY CAPITAL MANAGEMENT TRUST05,091,969 00Against
Capital Group4,682,8380 00For
PIMCO03,852,540 00Against
American Century03,312,332 00Against
Columbia Threadneedle1,929,9400 00For
TIAA1,850,9160 00For
Goldman Sachs01,529,063 00Against
Franklin Templeton01,227,455 00Against
Northern Trust01,087,610 00Against
State Street01,024,341 00Against
Putnam1,022,0240 00For
WILLIAM BLAIR FUNDS0580,984 00Against
AQR0543,255 00Against
Nationwide0519,934 00Against
Greater India Portfolio0486,984 00Against
Catholic Responsible Investments Funds0475,097 00Against
ADVISORS' INNER CIRCLE FUND0461,578 00Against
Thrivent0405,861 00Against
First Trust0386,733 00Against
SA FUNDS INVESTMENT TRUST0249,620 00Against
Invesco0215,088 00Against
Voya0213,966 00Against

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

2. Reelect Manoj Sharma as Director

No official resultsDIRECTOR ELECTIONS

7% of fund votes cast · no official result

AGAINST
Details: votes by 47 asset managers

The 47 asset managers below reported 7,608,399 for, 96,567,018 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,608,399AGAINST: 96,567,018
Largest asset managers voting on “Reelect Manoj Sharma as Director” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard037,930,120 00Against
Dimensional021,396,579 00Against
Fidelity012,423,139 00Against
CAUSEWAY CAPITAL MANAGEMENT TRUST05,091,969 00Against
Capital Group4,682,8380 00For
PIMCO03,852,540 00Against
American Century03,312,332 00Against
Columbia Threadneedle01,929,940 00Against
TIAA1,850,9160 00For
Goldman Sachs01,529,063 00Against
Franklin Templeton01,227,455 00Against
Northern Trust01,087,610 00Against
State Street01,024,341 00Against
Putnam1,022,0240 00For
WILLIAM BLAIR FUNDS0580,984 00Against
AQR0543,255 00Against
Nationwide0519,934 00Against
Greater India Portfolio0486,984 00Against
Catholic Responsible Investments Funds0475,097 00Against
ADVISORS' INNER CIRCLE FUND0461,578 00Against
Thrivent0405,861 00Against
First Trust0386,733 00Against
SA FUNDS INVESTMENT TRUST0249,620 00Against
Invesco0215,088 00Against
Voya0213,966 00Against

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

3. Appointment of shri harsh baweja (DIN: 09769272) as director (finance)

No official resultsDIRECTOR ELECTIONS

99% of fund votes cast · no official result

FOR
Details: description as filed, votes by 8 asset managers

Description as filed by funds: APPOINTMENT OF SHRI HARSH BAWEJA (DIN: 09769272) AS DIRECTOR (FINANCE)

The 8 asset managers below reported 39,714,671 for, 572,386 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 39,714,671AGAINST: 572,386
Largest asset managers voting on “APPOINTMENT OF SHRI HARSH BAWEJA (DIN: 09769272) AS DIRECTOR (FINANCE)” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock35,138,8810 00For
CULLEN FUNDS TRUST3,471,9530 00For
JPMorgan966,7030 00For
John Hancock0397,047 00Against
Jackson National21,766116,951 00Mixed
MASTER INVESTMENT PORTFOLIO98,2070 00For
GPS Funds I058,388 00Against
Advisors' Inner Circle Fund III17,1610 00For

4. To appoint a director in place of shri manoj sharma (DIN: 06822395), who retires by rotation and being eligible, offers…

No official resultsDIRECTOR ELECTIONS

9% of fund votes cast · no official result

AGAINST
Details: description as filed, votes by 8 asset managers

Description as filed by funds: TO APPOINT A DIRECTOR IN PLACE OF SHRI MANOJ SHARMA (DIN: 06822395), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE- APPOINTMENT

The 8 asset managers below reported 3,489,114 for, 36,797,943 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,489,114AGAINST: 36,797,943
Largest asset managers voting on “TO APPOINT A DIRECTOR IN PLACE OF SHRI MANOJ SHARMA (DIN: 06822395), WHO RETIRES BY ROTATION AND BEING ELIGIBL” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock035,138,881 00Against
CULLEN FUNDS TRUST3,471,9530 00For
JPMorgan0966,703 00Against
John Hancock0397,047 00Against
Jackson National0138,717 00Against
MASTER INVESTMENT PORTFOLIO098,207 00Against
GPS Funds I058,388 00Against
Advisors' Inner Circle Fund III17,1610 00For

5. Elect Harsh Baweja

No official resultsDIRECTOR ELECTIONS

9% of fund votes cast · no official result

AGAINST
Details: votes by 6 asset managers

The 6 asset managers below reported 432,048 for, 4,201,029 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 432,048AGAINST: 4,201,029
Largest asset managers voting on “Elect Harsh Baweja” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab03,155,053 00Against
SEI0991,283 00Against
Hartford345,3760 00For
Russell Investments86,6720 00For
ADVISORS' INNER CIRCLE FUND041,400 00Against
Federated Hermes013,293 00Against

6. Elect Manoj Sharma

No official resultsDIRECTOR ELECTIONS

0% of fund votes cast · no official result

AGAINST
Details: votes by 6 asset managers

The 6 asset managers below reported 4,633,077 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

AGAINST: 4,633,077
Largest asset managers voting on “Elect Manoj Sharma” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab03,155,053 00Against
SEI0991,283 00Against
Hartford0345,376 00Against
Russell Investments086,672 00Against
ADVISORS' INNER CIRCLE FUND041,400 00Against
Federated Hermes013,293 00Against

7. Approve Increase in Overall Borrowing Limit

No official resultsCAPITAL STRUCTUREOTHER

99% of fund votes cast · no official result

FOR
Details: votes by 47 asset managers

The 47 asset managers below reported 102,981,186 for, 1,194,231 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 102,981,186AGAINST: 1,194,231
Largest asset managers voting on “Approve Increase in Overall Borrowing Limit” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard37,930,1200 00For
Dimensional21,396,5790 00For
Fidelity12,423,1390 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST5,091,9690 00For
Capital Group4,682,8380 00For
PIMCO3,852,5400 00For
American Century3,312,3320 00For
Columbia Threadneedle1,929,9400 00For
TIAA1,850,9160 00For
Goldman Sachs1,529,0630 00For
Franklin Templeton1,227,4550 00For
Northern Trust1,087,6100 00For
State Street01,024,341 00Against
Putnam1,022,0240 00For
WILLIAM BLAIR FUNDS580,9840 00For
AQR543,2550 00For
Nationwide519,9340 00For
Greater India Portfolio486,9840 00For
Catholic Responsible Investments Funds475,0970 00For
ADVISORS' INNER CIRCLE FUND461,5780 00For
Thrivent405,8610 00For
First Trust386,7330 00For
SA FUNDS INVESTMENT TRUST249,6200 00For
Invesco215,0880 00For
Voya213,9660 00For

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

8. Approve Pledging of Assets for Debt

No official resultsCAPITAL STRUCTURE

99% of fund votes cast · no official result

FOR
Details: votes by 47 asset managers

The 47 asset managers below reported 102,981,186 for, 1,194,231 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 102,981,186AGAINST: 1,194,231
Largest asset managers voting on “Approve Pledging of Assets for Debt” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard37,930,1200 00For
Dimensional21,396,5790 00For
Fidelity12,423,1390 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST5,091,9690 00For
Capital Group4,682,8380 00For
PIMCO3,852,5400 00For
American Century3,312,3320 00For
Columbia Threadneedle1,929,9400 00For
TIAA1,850,9160 00For
Goldman Sachs1,529,0630 00For
Franklin Templeton1,227,4550 00For
Northern Trust1,087,6100 00For
State Street01,024,341 00Against
Putnam1,022,0240 00For
WILLIAM BLAIR FUNDS580,9840 00For
AQR543,2550 00For
Nationwide519,9340 00For
Greater India Portfolio486,9840 00For
Catholic Responsible Investments Funds475,0970 00For
ADVISORS' INNER CIRCLE FUND461,5780 00For
Thrivent405,8610 00For
First Trust386,7330 00For
SA FUNDS INVESTMENT TRUST249,6200 00For
Invesco215,0880 00For
Voya213,9660 00For

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

9. Approve Raising of Funds through Private Placement of Unsecured/Secured Non-Convertible Bonds/Debentures

No official resultsCAPITAL STRUCTUREOTHER

99% of fund votes cast · no official result

FOR
Details: votes by 47 asset managers

The 47 asset managers below reported 102,981,186 for, 1,194,231 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 102,981,186AGAINST: 1,194,231
Largest asset managers voting on “Approve Raising of Funds through Private Placement of Unsecured/Secured Non-Convertible Bonds/Debentures” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard37,930,1200 00For
Dimensional21,396,5790 00For
Fidelity12,423,1390 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST5,091,9690 00For
Capital Group4,682,8380 00For
PIMCO3,852,5400 00For
American Century3,312,3320 00For
Columbia Threadneedle1,929,9400 00For
TIAA1,850,9160 00For
Goldman Sachs1,529,0630 00For
Franklin Templeton1,227,4550 00For
Northern Trust1,087,6100 00For
State Street01,024,341 00Against
Putnam1,022,0240 00For
WILLIAM BLAIR FUNDS580,9840 00For
AQR543,2550 00For
Nationwide519,9340 00For
Greater India Portfolio486,9840 00For
Catholic Responsible Investments Funds475,0970 00For
ADVISORS' INNER CIRCLE FUND461,5780 00For
Thrivent405,8610 00For
First Trust386,7330 00For
SA FUNDS INVESTMENT TRUST249,6200 00For
Invesco215,0880 00For
Voya213,9660 00For

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

10. Approval for private placement of securities

No official resultsCAPITAL STRUCTURE

99.8% of fund votes cast · no official result

FOR
Details: description as filed, votes by 8 asset managers

Description as filed by funds: APPROVAL FOR PRIVATE PLACEMENT OF SECURITIES

The 8 asset managers below reported 40,241,699 for, 45,358 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 40,241,699AGAINST: 45,358
Largest asset managers voting on “APPROVAL FOR PRIVATE PLACEMENT OF SECURITIES” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock35,138,8810 00For
CULLEN FUNDS TRUST3,471,9530 00For
JPMorgan966,7030 00For
John Hancock351,68945,358 00Mixed
Jackson National138,7170 00For
MASTER INVESTMENT PORTFOLIO98,2070 00For
GPS Funds I58,3880 00For
Advisors' Inner Circle Fund III17,1610 00For

11. To increase the overall borrowing limit of the company

No official resultsCAPITAL STRUCTURE

99.8% of fund votes cast · no official result

FOR
Details: description as filed, votes by 8 asset managers

Description as filed by funds: TO INCREASE THE OVERALL BORROWING LIMIT OF THE COMPANY

The 8 asset managers below reported 40,241,699 for, 45,358 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 40,241,699AGAINST: 45,358
Largest asset managers voting on “TO INCREASE THE OVERALL BORROWING LIMIT OF THE COMPANY” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock35,138,8810 00For
CULLEN FUNDS TRUST3,471,9530 00For
JPMorgan966,7030 00For
John Hancock351,68945,358 00Mixed
Jackson National138,7170 00For
MASTER INVESTMENT PORTFOLIO98,2070 00For
GPS Funds I58,3880 00For
Advisors' Inner Circle Fund III17,1610 00For

12. Amendment to Borrowing Powers

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 6 asset managers

The 6 asset managers below reported 4,633,077 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 4,633,077
Largest asset managers voting on “Amendment to Borrowing Powers” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab3,155,0530 00For
SEI991,2830 00For
Hartford345,3760 00For
Russell Investments86,6720 00For
ADVISORS' INNER CIRCLE FUND41,4000 00For
Federated Hermes13,2930 00For

13. Authority to Issue Non-Convertible Debentures

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 6 asset managers

The 6 asset managers below reported 4,633,077 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 4,633,077
Largest asset managers voting on “Authority to Issue Non-Convertible Debentures” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab3,155,0530 00For
SEI991,2830 00For
Hartford345,3760 00For
Russell Investments86,6720 00For
ADVISORS' INNER CIRCLE FUND41,4000 00For
Federated Hermes13,2930 00For

14. Authority to Mortgage Assets

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 6 asset managers

The 6 asset managers below reported 4,633,077 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 4,633,077
Largest asset managers voting on “Authority to Mortgage Assets” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab3,155,0530 00For
SEI991,2830 00For
Hartford345,3760 00For
Russell Investments86,6720 00For
ADVISORS' INNER CIRCLE FUND41,4000 00For
Federated Hermes13,2930 00For

15. Accept Financial Statements and Statutory Reports

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 47 asset managers

The 47 asset managers below reported 104,175,417 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 104,175,417
Largest asset managers voting on “Accept Financial Statements and Statutory Reports” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard37,930,1200 00For
Dimensional21,396,5790 00For
Fidelity12,423,1390 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST5,091,9690 00For
Capital Group4,682,8380 00For
PIMCO3,852,5400 00For
American Century3,312,3320 00For
Columbia Threadneedle1,929,9400 00For
TIAA1,850,9160 00For
Goldman Sachs1,529,0630 00For
Franklin Templeton1,227,4550 00For
Northern Trust1,087,6100 00For
State Street1,024,3410 00For
Putnam1,022,0240 00For
WILLIAM BLAIR FUNDS580,9840 00For
AQR543,2550 00For
Nationwide519,9340 00For
Greater India Portfolio486,9840 00For
Catholic Responsible Investments Funds475,0970 00For
ADVISORS' INNER CIRCLE FUND461,5780 00For
Thrivent405,8610 00For
First Trust386,7330 00For
SA FUNDS INVESTMENT TRUST249,6200 00For
Invesco215,0880 00For
Voya213,9660 00For

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

16. Confirm Payment of First, Second and Third Interim Dividends and Declare Final Dividend

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 47 asset managers

The 47 asset managers below reported 104,175,417 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 104,175,417
Largest asset managers voting on “Confirm Payment of First, Second and Third Interim Dividends and Declare Final Dividend” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard37,930,1200 00For
Dimensional21,396,5790 00For
Fidelity12,423,1390 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST5,091,9690 00For
Capital Group4,682,8380 00For
PIMCO3,852,5400 00For
American Century3,312,3320 00For
Columbia Threadneedle1,929,9400 00For
TIAA1,850,9160 00For
Goldman Sachs1,529,0630 00For
Franklin Templeton1,227,4550 00For
Northern Trust1,087,6100 00For
State Street1,024,3410 00For
Putnam1,022,0240 00For
WILLIAM BLAIR FUNDS580,9840 00For
AQR543,2550 00For
Nationwide519,9340 00For
Greater India Portfolio486,9840 00For
Catholic Responsible Investments Funds475,0970 00For
ADVISORS' INNER CIRCLE FUND461,5780 00For
Thrivent405,8610 00For
First Trust386,7330 00For
SA FUNDS INVESTMENT TRUST249,6200 00For
Invesco215,0880 00For
Voya213,9660 00For

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

17. To take note of the payment of 1ST, 2ND and 3RD interim dividends and declare final dividend on equity shares of the…

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 8 asset managers

Description as filed by funds: TO TAKE NOTE OF THE PAYMENT OF 1ST, 2ND AND 3RD INTERIM DIVIDENDS AND DECLARE FINAL DIVIDEND ON EQUITY SHARES OF THE COMPANY FOR THE FINANCIAL YEAR 2023-24

The 8 asset managers below reported 40,287,057 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 40,287,057
Largest asset managers voting on “TO TAKE NOTE OF THE PAYMENT OF 1ST, 2ND AND 3RD INTERIM DIVIDENDS AND DECLARE FINAL DIVIDEND ON EQUITY SHARES ” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock35,138,8810 00For
CULLEN FUNDS TRUST3,471,9530 00For
JPMorgan966,7030 00For
John Hancock397,0470 00For
Jackson National138,7170 00For
MASTER INVESTMENT PORTFOLIO98,2070 00For
GPS Funds I58,3880 00For
Advisors' Inner Circle Fund III17,1610 00For

18. Accounts and Reports

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 6 asset managers

The 6 asset managers below reported 4,633,077 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 4,633,077
Largest asset managers voting on “Accounts and Reports” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab3,155,0530 00For
SEI991,2830 00For
Hartford345,3760 00For
Russell Investments86,6720 00For
ADVISORS' INNER CIRCLE FUND41,4000 00For
Federated Hermes13,2930 00For

19. Allocation of Profits/Dividends

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 6 asset managers

The 6 asset managers below reported 4,633,077 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 4,633,077
Largest asset managers voting on “Allocation of Profits/Dividends” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab3,155,0530 00For
SEI991,2830 00For
Hartford345,3760 00For
Russell Investments86,6720 00For
ADVISORS' INNER CIRCLE FUND41,4000 00For
Federated Hermes13,2930 00For

20. To create mortgage and/or charge on all or any of the movable and/or immovable properties of the company

No official resultsINVESTMENT COMPANY MATTERS

99.8% of fund votes cast · no official result

FOR
Details: description as filed, votes by 8 asset managers

Description as filed by funds: TO CREATE MORTGAGE AND/OR CHARGE ON ALL OR ANY OF THE MOVABLE AND/OR IMMOVABLE PROPERTIES OF THE COMPANY

The 8 asset managers below reported 40,241,699 for, 45,358 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 40,241,699AGAINST: 45,358
Largest asset managers voting on “TO CREATE MORTGAGE AND/OR CHARGE ON ALL OR ANY OF THE MOVABLE AND/OR IMMOVABLE PROPERTIES OF THE COMPANY” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock35,138,8810 00For
CULLEN FUNDS TRUST3,471,9530 00For
JPMorgan966,7030 00For
John Hancock351,68945,358 00Mixed
Jackson National138,7170 00For
MASTER INVESTMENT PORTFOLIO98,2070 00For
GPS Funds I58,3880 00For
Advisors' Inner Circle Fund III17,1610 00For

21. Authorize Board to Fix Remuneration of Statutory Auditors

No official resultsAUDIT-RELATED

93% of fund votes cast · no official result

FOR
Details: votes by 47 asset managers

The 47 asset managers below reported 96,505,584 for, 7,669,833 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 96,505,584AGAINST: 7,669,833
Largest asset managers voting on “Authorize Board to Fix Remuneration of Statutory Auditors” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard37,930,1200 00For
Dimensional21,396,5790 00For
Fidelity12,423,1390 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST5,091,9690 00For
Capital Group4,682,8380 00For
PIMCO03,852,540 00Against
American Century03,312,332 00Against
Columbia Threadneedle1,929,9400 00For
TIAA1,850,9160 00For
Goldman Sachs1,529,0630 00For
Franklin Templeton1,227,4550 00For
Northern Trust1,087,6100 00For
State Street1,024,3410 00For
Putnam1,022,0240 00For
WILLIAM BLAIR FUNDS580,9840 00For
AQR543,2550 00For
Nationwide519,9340 00For
Greater India Portfolio486,9840 00For
Catholic Responsible Investments Funds0475,097 00Against
ADVISORS' INNER CIRCLE FUND461,5780 00For
Thrivent405,8610 00For
First Trust386,7330 00For
SA FUNDS INVESTMENT TRUST249,6200 00For
Invesco215,0880 00For
Voya213,9660 00For

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

22. To fix the remuneration of statutory auditors for the financial year 2024-25

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 8 asset managers

Description as filed by funds: TO FIX THE REMUNERATION OF STATUTORY AUDITORS FOR THE FINANCIAL YEAR 2024-25

The 8 asset managers below reported 40,287,057 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 40,287,057
Largest asset managers voting on “TO FIX THE REMUNERATION OF STATUTORY AUDITORS FOR THE FINANCIAL YEAR 2024-25” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock35,138,8810 00For
CULLEN FUNDS TRUST3,471,9530 00For
JPMorgan966,7030 00For
John Hancock397,0470 00For
Jackson National138,7170 00For
MASTER INVESTMENT PORTFOLIO98,2070 00For
GPS Funds I58,3880 00For
Advisors' Inner Circle Fund III17,1610 00For

23. To receive, consider, approve and adopt the audited standalone and consolidated financial statements of the company for…

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 8 asset managers

Description as filed by funds: TO RECEIVE, CONSIDER, APPROVE AND ADOPT THE AUDITED STANDALONE AND CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2024 ALONG WITH THE REPORTS OF THE BOARD OF DIRECTORS, AUDITORS AND THE COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA THEREON

The 8 asset managers below reported 40,287,057 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 40,287,057
Largest asset managers voting on “TO RECEIVE, CONSIDER, APPROVE AND ADOPT THE AUDITED STANDALONE AND CONSOLIDATED FINANCIAL STATEMENTS OF THE CO” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock35,138,8810 00For
CULLEN FUNDS TRUST3,471,9530 00For
JPMorgan966,7030 00For
John Hancock397,0470 00For
Jackson National138,7170 00For
MASTER INVESTMENT PORTFOLIO98,2070 00For
GPS Funds I58,3880 00For
Advisors' Inner Circle Fund III17,1610 00For

24. Authority to Set Auditor's Fees

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 6 asset managers

The 6 asset managers below reported 4,633,077 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 4,633,077
Largest asset managers voting on “Authority to Set Auditor's Fees” at REC LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab3,155,0530 00For
SEI991,2830 00For
Hartford345,3760 00For
Russell Investments86,6720 00For
ADVISORS' INNER CIRCLE FUND41,4000 00For
Federated Hermes13,2930 00For

Largest REC LTD. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported.

Fund voting reports: top REC LTD. shareholders by shares voted on “Accept Financial Statements and Statutory Reports”, 2024-2025
#Asset manager Shares voted
1Vanguard 37,930,120
2Dimensional 21,396,579
3Fidelity 12,423,139
4CAUSEWAY CAPITAL MANAGEMENT TRUST 5,091,969
5Capital Group 4,682,838
6PIMCO 3,852,540
7American Century 3,312,332
8Columbia Threadneedle 1,929,940
9TIAA 1,850,916
10Goldman Sachs 1,529,063

Shown as share counts, not percentages: no shares-outstanding figure has been matched to REC LTD. for the 2024-2025 season, so there is no denominator to divide by.

Related

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

REC LTD. proxy season coverage: 2024-2025 (this page) · 2025-2026.

Cite this page

proxyvotesnow.com, “REC LTD. 2024 Annual Meeting (2024-2025 season): Vote Results”, https://proxyvotesnow.com/company/rec-limited/2025 (version of November 9, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.